Skip to main content

No one wants to buy Hull City

Hull may be the City of Culture but no one wants to buy the football club according to the club's owner. It is too remote and too far from London: Hull City

Owner Ehab Allam said, 'The club is for sale but it seems the interest in Hull is only when the club is in the Premier League. The attraction is the Premier League. We’ve seen investment from the US and more recently from the Far East, and the interest is in the Premier League. The location of Hull isn’t attractive either. There may still be interest in some Championship clubs, such as Reading. That’s 20 minutes from Heathrow.'

'They’re the same people who were interested in this club but once we lost our Premier League status, they started looking for a London-based club in the Championship. The interest in Hull is limited compared to a London club, just because of lifestyle. They’re wealthy people and it has to fit in with their lifestyle aspirations as well. Buying a London club is a lot more attractive than buying a club in East Yorkshire. Leeds was attractive because of the stature of that club historically. The same goes for Aston Villa and Birmingham. But you’ll find the two clubs that struggle to find new ownership in the Championship are the likes of Hull and Sunderland because their location to a foreign investor isn’t attractive.'

So it looks like it's a question of location, location, location.

Comments

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do